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What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets
Summary
This article compares the Portuguese and U.S. labor markets and examines what lies beneath an unemployment rate. It looks at the employment, unemployment, wages, intergenerational income distribution, and aggregate human capital in both countries. It was published in the American Economic Review in 2001. It also provides information on other related AEA journals, subscriptions, and policies.
Q&As
What is the purpose of the article "What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets"?
The purpose of the article "What Hides Behind an Unemployment Rate: Comparing Portuguese and U.S. Labor Markets" is to compare the labor markets of Portugal and the United States.
What is the JEL Classification of the article?
The JEL Classification of the article is E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital and J64 Unemployment: Models, Duration, Incidence, and Job Search.
What are the journals in which the article is published?
The journals in which the article is published are the American Economic Review, AEJ: Applied Economics, AEJ: Economic Policy, AEJ: Macroeconomics, AEJ: Microeconomics, Journal of Economic Literature, Journal of Economic Perspectives, and AEA Papers & Proceedings.
What are the topics discussed in the article?
The topics discussed in the article include unemployment, wages, intergenerational income distribution, aggregate human capital, and job search.
What are the available resources for accessing the article?
The available resources for accessing the article include downloading the full text PDF, subscribing to the journals, and accessing JSTOR for AEA members.
AI Comments
👍 This article provides a thorough and insightful comparison between the U.S. and Portuguese labor markets. The research provides an authoritative and comprehensive overview of the unemployment rate across both countries.
👎 The article does not provide an in-depth analysis of the factors contributing to the unemployment rate in each country. Furthermore, the article lacks concrete recommendations for addressing the issue.
AI Discussion
Me: It's about comparing the labor markets in Portugal and the US. The article talks about the differences in unemployment rates between the two countries and their implications.
Friend: That's interesting. What are the implications of the article?
Me: The article argues that the difference between the unemployment rates in the two countries is caused by different labor market structures. In the US, there is a higher level of unemployment because there is a mismatch between the skills of the unemployed and the job requirements. In Portugal, the unemployment rate is lower because the labor market is more flexible and has a higher level of job security. This means that there are more opportunities for people to find meaningful employment. The article also suggests that policy makers should consider the differences in labor market structure when deciding on labor market policies.
Action items
- Research the differences between the Portuguese and U.S. labor markets to gain a better understanding of the article.
- Analyze the JEL Classification to gain a better understanding of the article's topics.
- Explore the AEA Journals to find other articles related to the topics discussed in the article.
Technical terms
- Unemployment Rate
- The percentage of people in the labor force who are unemployed and actively seeking work.
- Labor Markets
- The market in which employers and employees interact to determine wages, working conditions, and the supply and demand of labor.
- Citation
- A reference to a published or unpublished source that is used to support an argument or point in an academic paper.
- JEL Classification
- A system of classification developed by the Journal of Economic Literature (JEL) to categorize articles and books in economics.
- American Economic Review
- A journal published by the American Economic Association that publishes original research in all areas of economics.
- AEA Papers & Proceedings
- A journal published by the American Economic Association that publishes papers and proceedings from the AEA's annual meetings.
- Subscriptions
- A payment made to receive a publication or service on a regular basis.
- Advertise in AEA Journals
- A service offered by the American Economic Association to advertise in its journals.
- OpenAthens Subscriber Login
- A service offered by the American Economic Association to allow subscribers to access its journals.
- Back Issues & SGML Metadata
- A service offered by the American Economic Association to access back issues and SGML metadata.
- Data and Code
- A service offered by the American Economic Association to access data and code related to its journals.
- Journal Alerts
- A service offered by the American Economic Association to alert subscribers to new issues of its journals.
- JSTOR Access for AEA Members
- A service offered by the American Economic Association to allow members to access its journals through JSTOR.